Saylor Tweets ‘Bitcoin is Calling’ Amid Ongoing Bitcoin Acquisitions
Michael Saylor, chairman of Strategy, recently tweeted "Bitcoin is Calling," prompting speculation about a potential significant Bitcoin purchase. The company has continued its acquisition strategy, recently buying 3,450 Bitcoin for $285 million after a brief pause. Most acquisitions since November have been at higher prices than the current market.
Strategy's Recent Performance
- Shares have gained 130% over the past year.
- This performance exceeds major tech stocks like Tesla (57%), NVIDIA (30%), and Apple (17%).
- Some tech companies, including Amazon and Microsoft, experienced declines of 2% and 7% respectively.
Saylor emphasized Bitcoin's volatility as a sign of its utility, stating it is the most liquid and accessible asset globally. He highlighted Bitcoin's lack of tariffs and digital nature as key factors in its decentralized function. Saylor remains committed to long-term Bitcoin investments regardless of short-term market conditions.
Investors are now anticipating further crypto acquisitions following Saylor's tweet.